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Mamont248 [21]
4 years ago
7

What is the purpose of trade?

Social Studies
1 answer:
Aleksandr-060686 [28]4 years ago
8 0

Answer:

Trade increases competition and lowers world prices, which provides benefits to consumers by raising the purchasing power of their own income, and leads a rise in consumer surplus. Trade also breaks down domestic monopolies, which face competition from more efficient foreign firms.

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